Tudor Investment Corp ET AL Has $9.13 Million Position in Perimeter Solutions, SA (NYSE:PRM)

Tudor Investment Corp ET AL grew its stake in shares of Perimeter Solutions, SA (NYSE:PRM - Free Report) by 58.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 714,250 shares of the company's stock after acquiring an additional 264,623 shares during the period. Tudor Investment Corp ET AL owned about 0.49% of Perimeter Solutions worth $9,128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Perimeter Solutions by 136.8% during the fourth quarter. Vanguard Group Inc. now owns 8,211,593 shares of the company's stock valued at $104,944,000 after purchasing an additional 4,744,069 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in Perimeter Solutions during the 4th quarter worth about $41,780,000. JPMorgan Chase & Co. lifted its stake in Perimeter Solutions by 19.9% during the fourth quarter. JPMorgan Chase & Co. now owns 5,856,611 shares of the company's stock valued at $74,847,000 after buying an additional 971,623 shares in the last quarter. Bessemer Group Inc. lifted its stake in Perimeter Solutions by 10,103.3% during the fourth quarter. Bessemer Group Inc. now owns 923,811 shares of the company's stock valued at $11,806,000 after buying an additional 914,757 shares in the last quarter. Finally, Catawba River Capital purchased a new position in shares of Perimeter Solutions in the fourth quarter worth approximately $7,658,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Insider Activity at Perimeter Solutions

In other news, Director Vivek Raj sold 250,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the completion of the sale, the director now directly owns 471,226 shares of the company's stock, valued at $4,321,142.42. This trade represents a 34.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group raised shares of Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective for the company in a research note on Wednesday, March 26th.

Perimeter Solutions Stock Up 0.4 %

NYSE:PRM traded up $0.05 on Monday, hitting $10.56. 163,142 shares of the company's stock traded hands, compared to its average volume of 1,171,624. The company has a market cap of $1.57 billion, a PE ratio of -75.39 and a beta of 1.88. Perimeter Solutions, SA has a 1 year low of $7.00 and a 1 year high of $14.44. The company has a current ratio of 3.91, a quick ratio of 2.95 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $9.78 and a 200-day moving average price of $11.71.

Perimeter Solutions (NYSE:PRM - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The company had revenue of $86.23 million during the quarter, compared to analyst estimates of $77.01 million. Equities analysts anticipate that Perimeter Solutions, SA will post 0.71 EPS for the current fiscal year.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.